iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 12-Month High – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.99 and last traded at $74.5490, with a volume of 270 shares changing hands. The stock had previously closed at $75.10.

iShares U.S. Consumer Staples ETF Trading Down 1.0%

The company has a market cap of $1.29 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The firm’s 50-day moving average price is $68.60 and its 200 day moving average price is $68.80.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $32,000. First Horizon Corp bought a new position in iShares U.S. Consumer Staples ETF in the third quarter worth approximately $43,000. Davis Capital Management acquired a new stake in iShares U.S. Consumer Staples ETF in the third quarter valued at approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $56,000.

About iShares U.S. Consumer Staples ETF

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.